Course description

Title of the Teaching Unit

European Economics

Code of the Teaching Unit


Academic year

2023 - 2024


Number of credits


Number of hours







Teaching language


Teacher in charge


Objectives and contribution to the program

This course is aimed to improve students' capacity for critical evaluation and their oral and written
communication skills.
To encourage. This course encourages students to place the EU within the global context. It helps students to become open to the world and to think globally.

Competency Goals :

CG 1 Disciplinary Knowledge
CG4 Open to the world
CG5 Aware of complexity / Critical Mind
CG6 Communicate orally and in writing in several languages

Prerequisites and corequisites



Activités d’apprentissage (AA) qui composent l’Unité d’Enseignement (UE)
- How to understand the current macro economics context in the EU (G.Hites)
- European Monetary Union (I.Maes)

This course is concerned with the process of economic and monetary integration within the European
Union. The main fields covered are:
1) Trade in product and factor markets;
2) Labour market related issues, including unemployment and immigration;
3) EU sovereign debt crisis.
4) The European Monetary System
5) The Maastricht process
6) The European financial integration

Teaching methods

Interactive class

Assessment method

? Class participation
? 2 written reports and oral presentations to be completed in study groups
Written report to be completed individually.

Calculation method

For the ICHEC department, where a teaching unit (UE) comprises several learning activities (AA), the overall grade for the UE is calculated as follows:
- If all the scores obtained for the different learning activities are greater than or equal to 10/20, the overall score will be the weighted arithmetic mean (based on the relative importance of each of the AAs in the UE) of these scores.
- If at least one of the scores obtained for an AA is less than 10/20, the overall score will then be the weighted geometric mean of the AA scores.
These modes of calculation apply when a Teaching Unit consists of several learning activities.


Baldwin, R. and Wyplosz C., 2009, The Economics of European Integration, McGraw Hill, 596 pages:
Chapters 5, 8, 18
Blanchard, O. and Amighini A. and Giavazzi F., 2010, Macroeconomics: a European Perspective,
Prentice Hall, 616 pages
Rajan, Raghuram 2011, Fault Lines: How Hidden Fractures Still Threaten the World Economy,
Princeton University Press, 270 pages
Maes Ivo and Frank Moss (eds.), Progress through crisis?, ECB, 2014
Maes Ivo, 2007, Half a century of European financial integration, Mercatorfonds